Exvere Announces Sale Of Golden Pheasant Foods, LLC

December 27, 2012 Exvere, Inc.

Exvere, Inc. announced today that Golden Pheasant Foods, LLC. (“Golden Pheasant”), based in Kent, Washington, has been acquired by Passport Food Group, LLC., of Chino, California. Golden Pheasant is a manufacturer and wholesale distributor of Asian food products to the food service sector, including flour based products such as noodles, egg roll skins, wonton skins, and fortune cookies. Golden Pheasant has established a name for itself in the food services industry as a producer of high quality food products and is an established supplier to most broad line food service distribution companies. The company acts as a single source for its customers in relation to all of their Asian food product needs.

ALI Group Completes Acquisition Of Scotsman Industries

December 27, 2012 Scotsman Industries

ALI Group, a leading global designer, manufacturer, marketer and servicer of a broad  line of commercial and institutional foodservice equipment, today announced that it has successfully closed on its previously announced definitive agreement to acquire Scotsman Industries, the largest commercial ice machine company in the world, from an affiliate of Warburg Pincus.

Sodexo Donates More Than $142,000 To Austin Nonprofits Through Grand Prix Food Service Initiative

December 27, 2012 Sodexo

Circuit of The Americas’ official catering and hospitality partner, Sodexo, has donated more than $142,000 to local community groups by partnering with nonprofit organizations on food service efforts surrounding the inaugural FORMULA 1 UNITED STATES GRAND PRIX, held Nov. 16-18, 2012. Austin-area clubs and civic groups partnered with Sodexo’s professional food service personnel and helped staff certain concession areas around the Circuit on race weekend. A portion of the sales generated at these concession stands was returned to the nonprofit organizations involved.

Canada's Food Industry An Innovation Laggard

December 26, 2012 Conference Board of Canada

The Canadian food industry has become an innovation laggard, and does not appear to be very concerned about it, according to a Conference Board of Canada report for its Centre for Food in Canada, Competing for the Bronze: Innovation Performance in the Canadian Food Industry. This is leading to Canada losing ground in global food and drink export markets.

Wal-Mart Names Karen Roberts Executive Vice President & General Counsel

December 26, 2012 Wal-Mart Stores, Inc.

Wal-Mart Stores, Inc. announced the promotion of 17-year company veteran Karen Roberts , 42, to executive vice president and general counsel for Wal-Mart Stores, Inc., reporting to Executive Vice President and Corporate Secretary Jeff Gearhart , 48. The appointment is effective Feb. 1, 2013.